• Home
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
    • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
    • ADVERTISE WITH US
DAILY GIST
  • Home
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
    • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
    • ADVERTISE WITH US
No Result
View All Result
  • Home
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
    • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
    • ADVERTISE WITH US
No Result
View All Result
DAILY GIST
No Result
View All Result

Real Reason We Sold Twitter To Elon Musk – Board

Adam PR by Adam PR
April 27, 2022
in TECHNOLOGY
0
Real Reason We Sold Twitter To Elon Musk – Board
19.8k
SHARES
19.8k
VIEWS
Share on WhatsAppShare on TwitterShare on Facebook
~~Advertisement ~~
Share This News

It has been reavealed, the actual reason why Twitter sold the micro- logging site to Elon Musk, the world richest billionaire.

The abiding motive behind consenting to whole ownership of twitter by billionaire businessman, Elon Musk, was shareholders’ interest, the board of directors of the company has said.

~~Advertisement ~~

Recall that the board of Directors of Twitter on Monday announced that it had entered into a concrete agreement with Musk to acquire the platform in its entirety

For $54.20 per share in cash in a transaction valued at approximately $44 billion, upon completion of the transaction, Twitter will become a privately held company.

Under the terms of agreement, stockholders will receive $54.20 in cash for each share of Twitter common stock that they own upon closing of the proposed transaction.

The purchase price represents a 38 per cent premium to Twitter’s closing stock price on April 1, which was the last trading day before Mr Musk disclosed his approximately 9 per cent stake in the company.

~~Advertisement ~~

ALSOREAD

Lavish Life Of World’s Youngest Nigerian Billionaire – Aged 10 With Mansion, Bentley

BREAKING: Elon Musk Terminates $44bn Twitter Deal, Gives Reason

Twitter, Instagram Defy Order By Nigerian Govt To Delete Posts Within 24 Hours

JUST IN: FG To Regulate Social Media, Issues Code Of Practice For All Online Platforms

Elon Musk Announces His Starlink Network Is Coming To Nigeria; Lists Benefits

Bret Taylor, Twitter’s Independent Board Chair, said, “The Twitter Board conducted a thoughtful and comprehensive process to assess Elon’s proposal with a deliberate focus on value, certainty, and financing.

“The proposed transaction will deliver a substantial cash premium, and we believe it is the best path forward for Twitter’s stockholders.”

Parag Agrawal, Twitter’s CEO, said, “Twitter has a purpose and relevance that impacts the entire world.”

~~Advertisement ~~

”Deeply proud of our teams and inspired by the work that has never been more important.”

Share This News

~~Advertisement ~~

Tags: BillionairesElon MuskSocial MediaTwitter
jasa seojasa seoseo checker
Previous Post

Tragedy In Osun As Hunter Mistakes Imam For ‘Antelope’ Shoots Him Dead

Next Post

Pregnant Woman Who Died And Was Buried Gives Birth In Her Grave (Video)

Adam PR

Adam PR

AdamPR is a young Blogger, Reporter, Web Designer and a Microbiologist. For Adverts and Publications, He can be reached on WhatsApp - 07069173969

Next Post
Pregnant Woman Who Died And Was Buried Gives Birth In Her Grave (Video)

Pregnant Woman Who Died And Was Buried Gives Birth In Her Grave (Video)

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

DAILY GIST reports Latest News in Nigeria and aims to keep Nigerians updated and informed with Reports and Informations in the aspect of Education, Politics, Health, Business, Technology, Jobs, Entertainment. etc

  • Home
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
  • DESIGNED BY ADAMPR
Social icon element need JNews Essential plugin to be activated.

DAILY GIST © 2020 | All Rights Reserved

No Result
View All Result
  • Home
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
    • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
    • ADVERTISE WITH US

DAILY GIST © 2020 | All Rights Reserved

~~Advertisement ~~